Al Aiello-LLC Master Machine??

[Brady Hanna]

Has anyone bought this "LLC Master Machine" course from Al Aiello? The cost is $695. I listened to a podcast on this and it sounds interesting, but I hate to blow $700 if it isn't worth it. My wife and I are at the starting phase of forming our LLC right now. If any of this would truly be a benefit for establishing our company, I am not against dropping the money for it, but if it gives you the same protection that just a CPA setting up your LLC will provide, I can save some $.

Here are their claims:

• Give you ironclad protection of your personal valuables

• Give you the ability to save substantial amounts of taxes

every year

• Give you the power to defend yourself against IRS attacks

• Prevent legal disputes and save you $1,000’s in legal fees

• Enable you to successfully operate your real estate business

The Real Estate Operating Agreement Extraordinaire

The operating agreement (OA) is the nuclear LLC document. It is the "heart & soul" of the LLC. The OA extraordinaire is the most powerful OA ever. Adaptable in all 50 states, it is specifically designed for your real estate so that your LLC will give you optimum legal protection and maximum tax savings

Operating Agreement Extraordinaire (121 page Blank format w/ table of contents to review) which blows everyone's mind! (Blank format with instructions for completion).

PREVENT PIECING OF THE LLC VEIL WITH MINUTES OF MEETINGS AND RESOLUTIONS – One of the most vital of entity formalities to prevent piercing of the veil, all specially targeted for real estate operations; filled-in and ready to go. You can use these without physical in-person meetings.

FREE IRS Set-Up: Step-by-step instructions to easily, quickly and correctly complete IRS Form SS-4 for federal ID and Form 8832 for the proper LLC tax classification to audit-proof your tax returns and more. Includes blank and sample filled-in formats

[Pat Marco]

I agree with Jerry W but please understand that you do not ever structure asset protection with "fake loans". What I wrote above is after you get insurance You set up a separate WY LLC (Wy is best for this) and capitalize it by owing money to it (it is all in the proper drafting of the Operating Agreement)

The money you owe to it is then drafted as promissory notes and liens get recorded against each of your assets stripping any and all equity .

I have used this technique for years and have known very few attorneys that are actually familiar with how to properly set up these structures. Usually it is set up for the wealthy. (Trump does not use anonymous C corps - he has TRUMP in big letters on his buildings because my understanding is his attorneys use this very same technique)

So the liens that strip the equity in your properties are not fake loans, they are created to truly capitalize a legal entity, hence the "economic reason" that holds up in court.

Look it up on line and you will see there has not been one federal case challenging such an arrangement provided your liens were recorded "prior to" any lawsuit being initiated or filed against you.

This structure saved an acquaintance of mine millions in a lawsuit on an apartment building in Chicago, where the litigants tenants wanted to slap him with punitive damages in the millions, but could not because there were no equity and if they would've won and gotten a charging order they (the plaintiffs) would've been stuck with a phantom income tax bill based on IRC 77-137

Pursuant to Revenue Ruling 77-137, the IRS requires the judgment creditor in possession of a charging order to pay tax even though income was never distributed!

There you have it... The Ultimate Asset Protection for the least amount of money because all you have to pay for on a yearly basis to protect all your assets is the renewal fees for you WY LLC with the resident agent and that costs a few hundreds a year (which is less than I pay in yearly insurance on one of my smallest properties) therefore seminar gurus can't afford to sell this best structure and instead resolve to separating assets in multiple LLCs, anonymous C Corporations and complicated trust accounts etc